RE:Primero Mining deleted from S&P/TSX index
Primero's regressing towards the $5.00 range clearly suggests that there is more behind the companies latest stock price trend than just the slight gold price parallel which is accompanying it.......This issue is further supported by the fact that the company is not a pure gold play and should not have been affected nearly as much as others who do not have assessor minerals to rely on within their business model.......$4.00 to $5.00 would be a reasonable bottom for Primero but it is unlikely that it will return to the completely unsupported $8.00 levels any time soon....